In Indonesia, protections for shareholders and/or minority shareholders under the Indonesian Company Law are as follows:

A shareholder can file a claim at the district court against the company if they suffer unfair and unreasonable losses as a consequence of resolutions of the general meeting of shareholders (GMS), board of directors (BOD), or board of commissioners (BOC).

A shareholder can request the company to purchase its shares at a reasonable price if that shareholder disapproves of the company's actions that cause losses to shareholders or the company. Such actions can take the form of:

amendments to the articles of association;

a transfer or pledge of the company's assets valued at more than 50% of the company's net assets; or

a merger, consolidation or acquisition of the company.

Shareholders representing at least one-tenth of the total shares with voting rights can file a claim with the district court on behalf of the company against any member of the BOD and BOC who, because of his/her mistakes or negligence, has caused losses to the company.

One or more shareholders representing at least one-tenth of the total shares with voting rights can submit a proposal for the dissolution of the company to the GMS.

There are no restrictions on granting additional protections to minority shareholders, but it is uncommon to grant such additional protections.

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